91,510 Shares in Kraft Heinz Co (NASDAQ:KHC) Bought by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. bought a new position in Kraft Heinz Co (NASDAQ:KHC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 91,510 shares of the company’s stock, valued at approximately $2,840,000.

A number of other institutional investors have also recently modified their holdings of KHC. Farmers Trust Co. boosted its holdings in shares of Kraft Heinz by 24.4% during the 1st quarter. Farmers Trust Co. now owns 76,507 shares of the company’s stock valued at $2,498,000 after purchasing an additional 14,986 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Kraft Heinz by 36.7% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 94,503 shares of the company’s stock valued at $3,086,000 after purchasing an additional 25,381 shares during the last quarter. Cypress Wealth Advisors LLC boosted its holdings in shares of Kraft Heinz by 11.3% during the 1st quarter. Cypress Wealth Advisors LLC now owns 7,415 shares of the company’s stock valued at $242,000 after purchasing an additional 751 shares during the last quarter. CWM LLC boosted its holdings in shares of Kraft Heinz by 58.3% during the 1st quarter. CWM LLC now owns 3,443 shares of the company’s stock valued at $112,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Investec Asset Management LTD bought a new position in shares of Kraft Heinz during the 1st quarter valued at about $342,000. 58.03% of the stock is owned by institutional investors.

Shares of NASDAQ:KHC traded down $0.32 during trading on Friday, reaching $32.21. The company’s stock had a trading volume of 5,769,929 shares, compared to its average volume of 5,567,263. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.59. Kraft Heinz Co has a 12 month low of $26.96 and a 12 month high of $64.99. The company’s 50 day moving average price is $31.10. The stock has a market cap of $39.05 billion, a PE ratio of 9.12, a PEG ratio of 3.12 and a beta of 0.74.

KHC has been the subject of several research reports. Credit Suisse Group reissued a “sell” rating and set a $26.00 price objective on shares of Kraft Heinz in a report on Tuesday, July 2nd. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday. Evercore ISI initiated coverage on shares of Kraft Heinz in a report on Tuesday, June 11th. They set an “in-line” rating and a $32.00 price objective for the company. UBS Group dropped their price objective on shares of Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Finally, Piper Jaffray Companies raised shares of Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 price objective for the company in a report on Friday, May 31st. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have given a buy rating to the stock. Kraft Heinz presently has an average rating of “Hold” and an average price target of $41.22.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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